Netflix, Inc. (NASDAQ:NFLX) Shares Bought by Bensler LLC

Bensler LLC increased its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 9.4% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 17,789 shares of the Internet television network's stock after buying an additional 1,522 shares during the quarter. Netflix comprises 2.1% of Bensler LLC's holdings, making the stock its 13th largest position. Bensler LLC's holdings in Netflix were worth $16,589,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Brown Shipley& Co Ltd purchased a new stake in Netflix in the fourth quarter valued at $27,000. Pathway Financial Advisers LLC raised its position in Netflix by 82.4% in the fourth quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock valued at $27,000 after purchasing an additional 14 shares during the period. Transce3nd LLC purchased a new stake in Netflix in the fourth quarter valued at $32,000. Copia Wealth Management purchased a new stake in Netflix in the fourth quarter valued at $37,000. Finally, Stuart Chaussee & Associates Inc. raised its position in Netflix by 4,500.0% in the fourth quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network's stock valued at $41,000 after purchasing an additional 45 shares during the period. Hedge funds and other institutional investors own 80.93% of the company's stock.

Netflix Stock Performance

Shares of Netflix stock traded down $2.88 on Friday, hitting $1,212.15. The stock had a trading volume of 2,209,188 shares, compared to its average volume of 3,763,911. Netflix, Inc. has a 52-week low of $587.04 and a 52-week high of $1,262.81. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. The stock has a market cap of $515.86 billion, a price-to-earnings ratio of 61.13, a P/E/G ratio of 2.12 and a beta of 1.59. The company's 50 day moving average price is $1,113.54 and its 200 day moving average price is $996.91.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, beating the consensus estimate of $5.74 by $0.87. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The business had revenue of $10.54 billion during the quarter, compared to the consensus estimate of $10.51 billion. During the same period in the previous year, the business earned $8.28 EPS. On average, research analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Buying and Selling at Netflix

In other Netflix news, Chairman Reed Hastings sold 25,360 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $921.15, for a total transaction of $23,360,364.00. Following the transaction, the chairman now owns 394 shares in the company, valued at approximately $362,933.10. The trade was a 98.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Jay C. Hoag sold 32,515 shares of the business's stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $1,101.97, for a total value of $35,830,554.55. Following the transaction, the director now owns 79,040 shares in the company, valued at $87,099,708.80. The trade was a 29.15% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 185,140 shares of company stock valued at $210,271,552 in the last ninety days. Insiders own 1.37% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on NFLX. Evercore ISI restated an "outperform" rating on shares of Netflix in a research report on Thursday, May 15th. Piper Sandler set a $1,150.00 price objective on Netflix and gave the company an "overweight" rating in a research note on Monday, April 21st. Cfra Research raised Netflix to a "strong-buy" rating in a research note on Monday, April 28th. Benchmark reaffirmed a "hold" rating on shares of Netflix in a research note on Monday, April 21st. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $1,126.00 price objective on shares of Netflix in a research note on Thursday, April 17th. Eleven investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $1,156.73.

Netflix Profile

Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and games across various genres and languages. The company also provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, TV set-top boxes, and mobile devices.